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Battery Storage Win Powers Acme Solar’s Stock Surge
Equities, Market News - July 8, 2025

Battery Storage Win Powers Acme Solar’s Stock Surge

Battery Storage Win Powers Acme Solar’s Stock Surge

India’s renewable energy leader secures over 3.1 GWh of advanced battery storage, setting new benchmarks for grid stability and project execution

Introduction
Acme Solar Holdings, a prominent name in India’s renewable energy landscape, has made headlines with its announcement of a massive BESS procurement. The order, exceeding 3.1 GWh, not only marks a milestone for the company but also signals a major leap forward for India’s energy storage ambitions. The announcement triggered a sharp intraday rise of over 6% in Acme Solar’s share price, highlighting market optimism around its future trajectory and execution.

The Strategic Importance of Battery Storage
Why Battery Storage Matters
As renewable energy use expands, battery storage is becoming essential for grid stability and reliability. These systems store excess energy generated during periods of high production and release it when demand peaks or generation dips, thereby ensuring a stable and reliable power supply. For India, where the push for clean energy is intensifying, robust storage solutions are essential for balancing intermittent solar and wind generation.
Acme Solar’s Vision
Acme Solar’s battery procurement is aimed at powering its FDRE developments and other energy storage-linked projects slated for rollout in the coming 12 to 18 months. The company’s strategy is to deploy these storage systems across multiple states, enhancing both project flexibility and grid resilience.
Details of the Order
• Suppliers: Trina Energy and Zhejiang Narada are trusted worldwide for their high-efficiency and modular energy storage systems.
• Deployment: Phased deliveries are planned throughout the current fiscal year, with installations aligned to upcoming project timelines.
• Standards: All equipment adheres to international IEC and UL standards, ensuring top-tier safety, reliability, and performance.
The procurement fits within Acme Solar’s budgeted capital expenditure, balancing cost efficiency with high technical standards and supplier reliability. Ordering ahead of schedule should help expedite deployment and enhance cash flow timing.

Market Impact and Stock Performance
The announcement of the BESS order had an immediate effect on Acme Solar’s stock, which surged over 6% intraday and closed with a notable gain after a period of declines. Investors responded positively to the company’s proactive approach to securing critical infrastructure, which is expected to:
• Accelerate project commissioning
• Enhance operational margins through improved capacity utilization
• Reinforce Acme Solar’s leadership in the accelerating green energy market

Broader Implications for India’s Clean Energy Transition
Scaling Up Renewable Integration
India’s renewable energy sector is expanding rapidly, but integrating large volumes of variable solar and wind power remains a challenge. Acme Solar’s large-scale adoption of advanced battery storage is a template for the industry, demonstrating how storage can unlock new levels of grid flexibility and reliability.
Supporting National Goals
This order aligns with India’s broader ambitions to increase renewable energy’s share in the national grid, reduce dependence on fossil fuels, and meet climate commitments. By investing in state-of-the-art storage, Acme Solar is helping pave the way for a more resilient and sustainable energy future.
Acme Solar’s Operational Strength
Holding 6,970 MW in renewables and 550 MWh in storage capacity, Acme Solar is primed to support India’s journey toward a sustainable energy future. Its in-house engineering, procurement, and construction (EPC) as well as operations and maintenance (O&M) teams ensure efficient project delivery and strong performance metrics, such as industry-leading capacity utilization factors and operating margins

Conclusion
Acme Solar’s record-setting battery storage order is a watershed moment for India’s renewable energy sector. By securing advanced, large-scale storage solutions, the company is not only boosting its own growth prospects but also setting new standards for project execution and grid stability. This bold move is likely to inspire similar investments across the industry, accelerating India’s journey toward a cleaner, more reliable energy future.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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BlackRock’s Strategic Leap: The ElmTree Funds Acquisition and the Future of Real Estate Investing

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Waaree Renewable Technologies: Order Book Surges to ₹1,480 Crore as Growth Accelerates
Market News, Markets - June 24, 2025

Waaree Renewable Technologies: Order Book Surges to ₹1,480 Crore as Growth Accelerates

Waaree Renewable Technologies: Order Book Surges to ₹1,480 Crore as Growth Accelerate

Waaree Renewable Technologies cements its leadership in India’s solar EPC sector with a major contract revision, robust earnings, and expanding global ambitions.

Contract Value Upgraded: Waaree Project Now Estimated at ₹1,480 Crore
In June 2025, Waaree Renewable Technologies announced a significant update to its ongoing EPC contract, leading to an increase in its total value. First awarded in November 2024, the project entails the development of a 2,012.47 MWp ground-mounted solar PV installation for an Indian client.
Importantly, all original terms and conditions remain intact, and there are no related party transactions involved. The execution timeline will be jointly decided by Waaree and the client, allowing for flexibility as the project expands in scale.

Financial Performance: Strong Growth in Revenue and Profit
Waaree’s upward contract revision comes on the back of stellar financial results. In the fourth quarter of FY25, the company reported a consolidated net profit of ₹93.81 crore—an 82.7% jump over the previous year. The company posted a 74.4% increase in operating revenue, which climbed to ₹476.58 crore during the same period.
For the full fiscal year, Waaree Renewable Technologies posted a remarkable 82.29% growth in revenue, outpacing the broader Indian solar sector. The company’s EBITDA rose by 50.06% year-on-year, reflecting improved operational efficiency and disciplined cost management. As of Q4 FY25, Waaree had executed 1,524 MW of EPC projects, with an unexecuted order book of 3.2 GW—demonstrating both delivery capability and future visibility.

Market Response: Shares Rally on Positive News
The stock market responded positively to Waaree’s announcement. On June 20, 2025, shares of Waaree Renewable Technologies ended at ₹986.90 on the NSE, marking a 4.63% gain for the day. The stock has appreciated 15% over the past year, indicating continued investor faith in the company’s growth prospects.

Strategic Expansion: International Foray into Vietnam
The company’s vision reaches beyond domestic boundaries. In June 2025, the company signed a non-binding Memorandum of Understanding with Viet Khanh Joint Stock Company to develop a 100 MWp ground-mounted solar project in Vietnam. This move signals Waaree’s intent to expand its international footprint and tap into Southeast Asia’s growing demand for renewable energy infrastructure.
The agreement, disclosed in compliance with SEBI regulations, marks a strategic step in Waaree’s global growth plan. The final terms will be outlined in a future binding contract, but the partnership already positions Waaree as a credible EPC player beyond India’s borders.

Business Model and Sectoral Position
Waaree Renewable Technologies, a subsidiary of the Waaree Group, is a leading player in the solar EPC space. The company offers turnkey solutions for both on-site (rooftop, ground-mounted) and off-site (open-access) solar projects, catering to a diverse client base in India and now internationally.
Waaree’s robust order book, rapid execution capabilities, and focus on operational excellence have allowed it to capture a significant share of India’s transition to clean energy. The company is also exploring adjacent opportunities, such as energy-intensive data centers, to further diversify its portfolio.

Challenges and Outlook
Despite its successes, Waaree faces several challenges:
• Cash Flow Management: The company’s working capital cycle is complex, with significant retention money affecting liquidity. There is a noted mismatch between sales growth and cash flow from operations, which could pose risks if not managed carefully.
• Competitive Pressures: As the renewable sector attracts more players, Waaree will need to maintain its edge in cost, technology, and execution to protect margins.
• Project Diversification: While the company is tracking a robust order pipeline, it has yet to secure orders for new segments like data centers, indicating potential delays in diversification.
Nonetheless, Waaree’s strong order book, proven execution, and strategic international moves position it well for continued growth.

Conclusion
Backed by robust financials, a growing order pipeline, and a strategic push into international markets, Waaree is set to play a pivotal role in India’s—and Asia’s—renewable energy transition. While challenges around cash flow and competition persist, the company’s proactive approach and operational resilience provide a strong foundation for future expansion.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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L&T Launches India’s First ESG Bonds, Raises ₹500 Crore!

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Torrent Power Secures 300 MW Wind
Market News - June 6, 2025

JSW Energy Boosts Green Power: 531 MW Expansion!

JSW Energy Boosts Green Power: 531 MW Expansion!

JSW Energy has ramped up its renewable energy capacity to 12,499 MW, marking a significant advancement in the energy transition. It has teamed up with Adani Green for a 250 MW wind energy agreement, demonstrating a strong dedication to India’s clean energy objectives.

Summary:
JSW Energy has successfully commissioned 281 MW of renewable energy projects, increasing its total installed capacity to 12,499 MW. In a strategic move to further boost its green portfolio, the company signed a significant 250 MW wind energy agreement with Adani Green Energy. These developments reflect JSW Energy’s aggressive push towards decarbonization, reinforcing its vision of achieving net-zero status and becoming a leader in India’s renewable energy transformation.

JSW Energy’s Renewables Strategy Gains Traction
JSW Energy, a prominent player in India’s power sector, has made significant strides in solidifying its status as a leader in green energy. The company has recently introduced 281 MW of renewable energy capacity, raising its total installed power capacity to 12,499 MW, with a significant portion now derived from solar and wind initiatives. Additionally, as part of its ongoing commitment to reducing carbon emissions, JSW Energy has signed a 250 MW wind energy agreement with Adani Green Energy Ltd, further enhancing its renewable energy portfolio.
These strategic moves reflect JSW Energy’s commitment to transitioning from traditional to sustainable power generation and align with India’s national renewable energy goals, which aim for an impressive 500 GW of non-fossil fuel-based capacity by 2030.

Breakdown of Commissioned Capacity: Solar and Wind Gain Share
Much of the newly commissioned 281 MW originates from solar projects in Rajasthan and Karnataka. The remaining capacity comes from wind farms established in Maharashtra and Tamil Nadu. With these additions, JSW’s renewable energy portfolio has reached approximately 3,400 MW, accounting for about 27% of its total capacity— a significant shift from its previously thermal-dominated approach. The company aims to raise this percentage to 50% by 2030, positioning itself as one of the leading private sector players in India’s transition to green energy.

Partnership With Adani Green: A Win-Win Collaboration
In a significant shift towards collaboration within the industry, JSW Energy has formed a strategic agreement with Adani Green Energy to procure 250 MW of wind capacity. This partnership is viewed as advantageous for both parties:
Adani Green, one of India’s leading players in the renewable sector, secures a long-term offtake agreement for its upcoming projects. Meanwhile, JSW Energy gains access to clean energy at stable tariffs to support its increasing commercial and industrial needs, especially for its steel and cement production operations.
This agreement also highlights a rising trend within the Indian energy landscape: collaborations among power producers that allow for scaling up green energy initiatives while avoiding infrastructure redundancy.

Financial Outlook: Renewable Portfolio Driving Long-Term Value
JSW Energy’s ongoing transition to renewable energy has garnered positive responses from both markets and analysts. With numerous projects in development and decreasing levelized costs for solar and wind energy, the company’s earnings outlook is significantly improving.
Based on the company’s financial report for Q4 FY25:
– Revenue increased by 16% year-on-year, driven by higher Plant Load Factor (PLF) in renewable assets.
– EBITDA margins rose to 35%, aided by operational efficiencies and the monetization of carbon credits.
– Net profit reached ₹752 crore, reflecting a 19% YoY growth.
Management highlighted that most of its future capital expenditure plan, estimated at ₹75,000 crore over the next 6–8 years, will focus on expanding renewable capacity.

Strategic Vision: Targeting 20 GW by 2030
JSW Energy’s sustainability goals are firmly rooted in its “Mission 2030” plan, which includes:
– Achieving a total installed capacity of 20 GW by the decade’s end.
– Ensuring that over 85% of new capacity additions come from renewable sources.
– Attaining net-zero carbon emissions by 2050, setting a benchmark ahead of many other Indian companies.
Beyond solar and wind energy, the company is also investigating:
– Hydrogen and energy storage solutions
– Battery energy storage systems (BESS)
– Collaborative efforts to develop green hydrogen hubs with technology firms and state governments
This strategy positions JSW as more than just a power producer; it is evolving into a forward-thinking, integrated energy company.

Industry Impact and National Relevance
India’s energy sector is at a crucial juncture right now. With over 55% of electricity still generated from fossil fuels, major players like JSW Energy’s move towards green energy is economically and environmentally crucial. This transition aligns with:
– India’s revised Nationally Determined Contributions (NDCs) under the Paris Agreement.
– Government initiatives like the Production-Linked Incentive (PLI) schemes aimed at boosting solar manufacturing and storage.
– There is an increasing trend among corporate India to source renewable energy through open access and RE100 targets.
JSW Energy’s path could serve as a model for other conglomerates as they work towards energy transition.

Conclusion: A Sustainable Future Powered by JSW
JSW Energy’s recent commissioning in renewable energy and its collaboration with Adani Green Energy reflect strategic vision and operational prowess. As the company continues to grow its green energy portfolio, it enhances shareholder value while significantly contributing to India’s energy security and climate commitments.
With an ambitious growth strategy, a focus on innovation, and partnerships that address capacity challenges, JSW Energy is transforming from a conventional power company into a leader in clean energy. It is strategically positioned to guide India towards a sustainable, self-sufficient energy future.

 

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Liminatus Pharma Shares Hit New Peak Post Nasdaq Approval

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Indian Oil’s Panipat Green Hydrogen Plant: Pioneering India’s Clean Energy Future
Market News - June 2, 2025

Indian Oil’s Panipat Green Hydrogen Plant: Pioneering India’s Clean Energy Future

Indian Oil’s Panipat Green Hydrogen Plant: Pioneering India’s Clean Energy Future

How a 10,000-Tonne Green Hydrogen Facility Is Set to Transform Indian Oil’s Decarbonization Drive

Introduction

India’s energy landscape is undergoing a profound transformation, with public sector giant Indian Oil Corporation (IOC) leading the charge into a cleaner, more sustainable future. At the heart of this shift is Indian Oil’s ambitious green hydrogen project at its Panipat refinery—a facility that, once operational, will become the country’s largest producer of green hydrogen. Scheduled for commissioning by December 2027, the plant marks a decisive step in India’s quest to reduce carbon emissions and accelerate its transition to renewable energy sources.

The Panipat Green Hydrogen Project: An Overview

Project Scale and Significance
The Panipat facility is planned to generate 10,000 tonnes of green hydrogen each year. This output is not just a number—it represents a quantum leap for India’s energy sector. The hydrogen produced will directly replace fossil-fuel-based hydrogen currently used in refinery operations, slashing carbon emissions and setting a benchmark for industrial decarbonization.

Technological and Strategic Breakthrough
Green hydrogen is produced by breaking down water molecules through electrolysis powered by renewable energy sources like solar or wind.
Unlike conventional hydrogen production, which relies on fossil fuels, green hydrogen is virtually emission-free. The Panipat plant will leverage this technology, positioning Indian Oil at the forefront of India’s green energy revolution.

Aligning with National and Corporate Goals

National Green Hydrogen Mission
The Panipat project serves as a key milestone within Prime Minister Narendra Modi’s National Green Hydrogen Mission.
This mission aims to establish India as a global leader in green hydrogen production, fostering energy security and reducing dependence on imported fossil fuels. The Panipat plant is seen as a critical step in achieving these objectives, with its scale and technology serving as a model for future projects.
Indian Oil’s Decarbonization Roadmap
For Indian Oil, the Panipat plant is more than just a new facility—it is a cornerstone of the company’s broader decarbonization strategy. By integrating green hydrogen into its refinery operations, Indian Oil is not only reducing its carbon footprint but also reinforcing its commitment to achieving net zero emissions in the coming decades.

Project Execution and Industry Collaboration

Tendering and Partnerships
Indian Oil has made significant progress in bringing the Panipat plant to life. The company has received robust bids for the project, and tenders are currently under evaluation. According to Indian Oil Chairman Arvinder Singh Sahney, the contract will be awarded within a month, with commissioning expected within two years—well ahead of the December 2027 deadline.
Role of Larsen & Toubro
In a notable development, Larsen & Toubro (L&T) has been selected to build, own, and operate the facility. This partnership underscores the importance of collaboration between India’s leading engineering firms and public sector enterprises in driving large-scale clean energy projects. The involvement of L&T is expected to bring world-class expertise and efficiency to the project.

Economic and Environmental Impact

Reducing Carbon Emissions
The Panipat plant will result in a substantial reduction in carbon emissions by replacing fossil-derived hydrogen in refinery processes. This transition is a game-changer for Indian Oil’s environmental footprint and sets a precedent for other refineries to follow.
Levelized Cost of Hydrogen (LCOH)
Indian Oil has finalized the levelized cost of hydrogen for the Panipat project, a critical metric that ensures the economic viability of green hydrogen production. While specific financial details have not been disclosed, the company has indicated that the bids received are competitive and in line with global benchmarks for green hydrogen projects.

Broader Implications for India’s Energy Future

Accelerating Clean Energy Adoption
India remains heavily reliant on coal for electricity generation, but the tide is turning. The country has added record levels of clean power capacity in recent years, with solar energy now being the most cost-effective option for new power plants. The Panipat green hydrogen project is part of this broader shift, demonstrating that large-scale industrial decarbonization is both feasible and economically viable.
Leadership in Green Hydrogen
The Panipat initiative is a cornerstone project within Prime Minister Narendra Modi’s National Green Hydrogen Mission.
The project is expected to catalyze further investments and innovation in clean energy, paving the way for future large-scale hydrogen projects across the country.

Challenges and Opportunities

Technical and Logistical Hurdles
While the Panipat project is a landmark achievement, it is not without challenges. Scaling up green hydrogen production requires significant investment in renewable energy infrastructure, as well as robust supply chains for electrolyzers and other critical components. Indian Oil and its partners will need to navigate these complexities to ensure the project’s long-term success.
Market Development and Demand
An additional challenge lies in establishing a robust domestic market for green hydrogen.
While refinery applications are a strong starting point, broader adoption across industries such as steel, transportation, and chemicals will be essential for realizing the full potential of green hydrogen in India.

Looking Forward: The Path Ahead for Green Hydrogen in India

Expanding the Green Hydrogen Ecosystem
Indian Oil is not stopping at Panipat. The company is actively exploring partnerships and joint ventures to expand its green hydrogen portfolio. Recent collaborations with Hyundai for hydrogen fuel cell vehicle testing and with NTPC for renewable power generation highlight Indian Oil’s commitment to building a comprehensive clean energy ecosystem7.
Global Context and Competitiveness
India’s push for green hydrogen is part of a global race to develop clean energy solutions. With other countries and corporations investing heavily in hydrogen technologies, the Panipat project positions India as a serious contender in the international clean energy market.

Conclusion

Indian Oil’s 10,000-tonne green hydrogen plant at Panipat is a watershed moment for India’s energy sector. By embracing green hydrogen, Indian Oil is not only reducing its environmental impact but also setting a new standard for industrial decarbonization. The project’s alignment with national priorities, robust industry partnerships, and competitive economics make it a blueprint for future clean energy initiatives.
As the plant moves closer to commissioning, it stands as a testament to India’s ambition and capability to lead the global transition to a sustainable energy future.

 

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